What the chip shortage means for the US economy
The global computer chip shortage could have larger ramifications than making it harder to buy the latest video game console or more expensive to buy a car. According to a new Goldman Sachs (GS) [...]
Hilton CEO: Business travel is back to about 50% of pre-Covid levels, but some markets are stronger
Hilton CEO Christopher Nassetta told CNBC on Wednesday there are reasons to be optimistic about the recovery of corporate travel following a prolonged coronavirus-related slowdown. “This is as [...]
Service Industries in U.S. Expand at Fastest Pace on Record
U.S. service providers experienced the fastest growth on record in March as measures of business activity and orders advanced to new highs. The figures from the Institute for Supply Management on [...]
Investors haven’t fully grasped inflation is ‘dead ahead,’ economist Mark Zandi warns
Investors may want to hold on even tighter. Moody’s Analytics Mark Zandi believes Wall Street is significantly underestimating the seriousness of an inflation comeback, and he warns it will [...]
Is the lot of female executives improving?
WALL STREET’S glass ceiling cracked at last on March 1st, as Jane Fraser took charge of Citigroup, becoming the first woman to head a big American bank. That cracking sound has also been echoing [...]
Why the broad stock market isn’t in a bubble, says veteran investor
The rocketing in the price of bitcoin, volatility in meme stocks like GameStop and generally high valuations for stocks has led many investors to ask whether stocks are in a bubble. One veteran [...]
Small-Cap Stocks Could Keep on Rising. There’s a ‘Wall of Cash‘.
The short-squeeze frenzy that sent GameStop soaring may be winding down, but there is still a flood of cash looking for a home in the market, providing fuel for small-cap and cyclical stocks. [...]
WHAT A JOE BIDEN ADMINISTRATION WILL MEAN FOR THE ECONOMY AND MARKETS
Democratic presidential nominee Joe Biden addresses the nation from Wilmington, De., Friday night. By Saturday morning, the Associated Press had called the race for Biden. After four days of [...]
China Grows 4.9% in Third Quarter as Consumers Find Way Back to Stores
The Chinese economy expanded by 4.9% in third quarter of the year, Beijing’s National Bureau of Statistics said Monday, in a sign that the country is on its way back to its pre-pandemic growth [...]
Stock Market Performance in Presidential Election Years.
Do presidential elections influence the stock market? On the one hand, it’s true that the stock market is cyclical, which makes it possible for investors to look to history to observe [...]
